Russia's five largest banks were left nursing costs of as much as $5 billion on Ukraine-related assets last year and could face further costs of a "similar magnitude" this year, according to rating agency Standard & Poor's.
2015 Economic Crisis
Financial Times: S&P says Ukraine crisis cost Russian banks $5 billion
A man speaks on his mobile phone under a board listing foreign currency rates against the Russian ruble outside an exchange office in central Moscow, on Dec. 17, 2014.
